SAN FRANCISCO — Following the merger agreement that was signed in April and approved by Virgin America shareholders in July, Alaska Air Group Inc. has closed its acquisition of Virgin America, it was announced Dec. 14. Alaska Airlines and Virgin America will spend the next year working to secure Federal Aviation Administration (FAA) certification to allow the two airlines to operate as a … Read More about Alaska Air Closes Deal to Buy Virgin America
BETHESDA, MD. — Marriott International and Starwood Hotels & Resorts Worldwide announced on Sept. 20 that their merger transaction has received approval from the Chinese Ministry of Commerce (MOFCOM). Since this was the last regulatory approval required to complete the merger, Marriott and Starwood can now proceed with closing the transaction and expect the transaction to be completed … Read More about China Approves Marriott Starwood Merger
BETHESDA, MD — Marriott International, Inc. and Starwood Hotels and Resorts Worldwide announced June 27 they have received unconditional clearance from the European Union for Marriott to acquire Starwood in a merger transaction. “This is an important merger for the hotel industry and its customers. Our investigation confirmed that the hotel sector will remain competitive for customers in … Read More about European Union Clears Marriott to Buy Starwood
The Marriott-Starwood merger is one step closer to completion. Proposals related to the transaction were approved by both companies stockholders at separate special meetings held this morning. Holders of 97 percent of Marriott shares present and voting at its meeting, representing more than 79 per cent of outstanding shares, voted in favour of the proposal to issue shares of Marriott common … Read More about Stockholders Approve Marriott-Starwood Merger
It's been tumultuous but the Marriott-Starwood merger saga should conclude tomorrow morning when shareholders of both companies meet to vote on the proposal. The respective shareholder meetings will take place at 10:00 a.m. EST. The merger, if supported by shareholders, will result in the creation of the world's largest hotel company, with 30 brands across all major customer segments, … Read More about Stockholders Vote on Marriott-Starwood Merge Tomorrow
The Starwood-Marriott merger is back on. Marriott International Inc. and Starwood Hotels & Resorts Worldwide, Inc. issued a joint press release today encouraging shareholders of both companies to vote in support of the proposed merger. Both companies note that their renewed request for shareholder support follows Starwood's announcement that the Anbang Insurance Group-led consortium of … Read More about Starwood-Marriott Merger Back On (Again)
Starwood Hotels & Resorts Worldwide, Inc. has again pressed pause on its merger with Marriott International after receiving a revised, non-binding proposal from the Anbang Insurance Group-led Consortium. The new Consortium bid would see Starwood stockholders earn $3.30 USD more per share than they would under the revised Marriott bid, announced on March 21, 2016. On March 26th, Starwood … Read More about Starwood Presses Pause on Marriott Merger (Again)
Starwood Hotels & Resorts Worldwide, Inc. has accepted a revised bid from its original suitor, Marriott International, Inc., deeming it a superior proposal to the bid it received last week from the Consortium led by China's Anbang Group Insurance. The two companies announced this morning that they have signed an amendment to their definitive merger agreement that creates the world's … Read More about Marriott-Starwood Merger Back On
Starwood Hotels & Resorts Worldwide, Inc. today notified Marriott International, Inc. that the bid it received last week from a consortium headed by China's Anbang Insurance Group has been determined to be a "Superior Proposal" to the existing Marriott-Starwood merger agreement. Starwood has further informed Marriott that it intends to terminate the merger agreement with Marriott unless … Read More about Consortium Bid Derails Starwood-Marriott Merger
A consortium of investors led by China's Anbang Insurance Group has made an unsolicited $12.8 billion cash bid for Starwood Hotels & Resorts. Analysts say that this new bid, which Starwood received on March 11th, could spark a bidding war with Marriott International, Inc. The boards of directors of Marriott International, Inc. and Starwood Hotels & Resorts Worldwide, Inc. have approved … Read More about Anbang Makes Bid for Starwood
The Green Meeting Industry Council (GMIC) has merged with the Convention Industry Council (CIC). The GMIC will now be a council of CIC with a specific charter and mandate to advocate and educate around sustainability in the MICE industry operating under the direction of its board. The move demonstrates the importance of collaboration in a crowded marketplace. The merger will allow the GMIC to … Read More about Green Meeting Industry Council Merging with CIC
The boards of directors of Marriott International, Inc. and Starwood Hotels & Resorts Worldwide, Inc. have approved a definitive merger agreement under which the companies will create the world's largest hotel company. News of the agreement was made public on Monday, November 16, 2015. The transaction is subject to Marriott International and Starwood Hotels & Resorts Worldwide … Read More about Marriott and Starwood Announce Merger Agreement
